Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 61 % of short-term debt in 2025; threshold 65 %.
-
Shrinking team NBB
FTE fell two years in a row, from 7.7 to 4.2.
-
Busy address KBO
95 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Emerging Markets International from Brussel, company number BE0465017703, closed financial year 2025 with a result of € -295,646 after tax. For that financial year Emerging Markets International recorded revenue of € 2.4 million and equity of € 736,794. Compared with financial year 2024, the result moved from € -194,565 to € -295,646. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 2, 2026.
€ 736,794
▼ 29% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -295,646
▼ 52 % more loss than in 2024
Profit after tax over the fiscal year.
€ 1.5 million
▲ 28% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 486,794.
People and assets in 2025
4.2
▼ 3.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 376,370
▼ 42% vs 2024
€ 89,600 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 2,964
▼ 44% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 961,830
▼ 31% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 37,475
▼ 33% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 12,952,527 | € 7,952,197 | € 4,409,699 | € 2,441,496 | ▼ 45% |
| Gross margin | - | € 1,023,111 | € 502,878 | € 132,148 | ▼ 74% |
| Profit after taxes | € 479,061 | € 223,950 | € -194,565 | € -295,646 | ▼ € 101,081 |
| Equity | € 1,177,394 | € 1,227,004 | € 1,032,439 | € 736,794 | ▼ 29% |
| Total debts | € 7,405,689 | € 4,446,017 | € 3,103,707 | € 2,954,940 | ▼ 5% |
| Cash | € 1,487,105 | - | € 1,163,929 | € 1,488,524 | ▲ 28% |
| Retained profit | € 927,394 | € 977,004 | € 782,439 | € 486,794 | ▼ 38% |
| Dividend | € 150,000 | € 174,340 | € 0 | € 0 | |
| Bank debt | € 0 | € 12,225 | € 0 | € 0 | |
| Balance sheet total | € 8,714,244 | € 5,796,129 | € 4,233,280 | € 3,791,441 | ▼ 10% |
| Employees (FTE) | 7 | 7.7 | 7.6 | 4.2 | ▼ 3.4 |
Key figures of Emerging Markets International, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Emerging Markets International?
What happened at Emerging Markets International in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Frédérique Jouare stepped down as director. NBB
- Jonathan Trenteseaux stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 295,646. Source: NBB ↗
- Jonathan Trenteseaux became a director. NBB
- ANA VILAR SRL stepped down as director. NBB
- Jonathan TRENTESEAUX stepped down as director. NBB
- Frédérique Jouare became a director. NBB
- Andrea PISANTE stepped down as director. NBB
In short
From € 479,061 profit in 2022 to € 295,646 loss in 2025.
Best year ever: 2022, with € 479,061 profit.
On average € 31,500 of value added per employee in 2025.
Paid out € 324,340 in dividends to the owners in total.
A new publication or filing at Emerging Markets International? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The shares are held by Fitecsud Technologies Financieres Sud (100%).
Directors
According to the 2025 annual accounts
Sébastien DEGARD
Director
since 2021 · until 2025
Frédérique Jouare
Director, Managing director
since 2025 · until 2032
Jonathan Trenteseaux
Managing director
since 2026 · until 2032
Director · represented by Ana Vilar Gonzalez
since 2023 · until 2026
Jonathan TRENTESEAUX
Director
since 2025 · until 2026
Andrea PISANTE
Managing director
since 2024 · until 2025
Thierry SCHOLLE
Director
since 2021 · until 2025
Shareholders
Fitecsud Technologies Financieres Sud
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Louizalaan 500
1050 Brussel
Louizalaan 479 box 53
1050 Brussel
Active since 23 March 1999
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 95 companies are registered at this address.
All companies at this address →CHAMBRE DE COMMERCE CANADA-BELGIQUE-LUXEMBOURG-'KAMER VAN KOOPHANDEL CANADA-BELGIE-LUXEMBURG -'CHAMBER OF COMMERCE CANADA-BELGIUM-LUXEMBOURG.
Chambre de Commerce Belgo-Chilienne
BECI-BRUSSELS CHAMBER OF COMMERCE
€ 2.2 million gross margin · 2025
CLIMAFED
€ 21,186 gross margin · 2025
Chambre Belge des Comptables et des Experts Comptables
+90 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0465.017.703
- VAT number
- BE 0465.017.703
- Registered office
- Louizalaan 500, 1050 Brussel
- Names & denominations
- Emerging Markets International · EMI
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 29 December 1998
- Peppol
- Active · Active since 16 Dec 2025
- Activities · NACE
Overige fiscale dienstverlening
Boekhouders
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Overige adviesbureaus op het gebied van bedrijfsvoering en beheer
Boekhouders en boekhouders-fiscalisten
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering